CPP Investments’ CEO resigns

Mark Machin, CEO of the Canada Pension Plan Investment Board (CPP Investments) has tendered his resignation.

The investment board said Machin decided to travel personally to the United Arab Emirates, where he arranged to be vaccinated against COVID-19. After discussions with the board, he decided to leave the pension plan.

CPP Investments thanked Machin for his global perspective, leadership and commitment to excellence and offered him best wishes for the future.

The board has appointed John Graham as the new CEO, effective immediately.

“In making its decision, the board unanimously agreed John is ideally suited to lead the organization forward,” said CPP Investments in a statement. “He has been instrumental in helping to shape and execute CPP Investments strategy over the last decade as a longstanding employee and member of the senior management team with a successful track record of building and leading global investment businesses.”